Archive for 02/03/2010

Heavy rains coming, Dar residents warned

02/03/2010 by hindu.

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Dar es Salaam residents have been asked to brace themselves for heavy rains by the Tanzania Meteorological Agency (TMA).

The Agency announced yesterday that many parts of the country would experience prolonged rain spells which will be above average while few areas would receive average and below average rains.

The TMA climate outlook for March to May, shows that rains are expected to start during the first week of March and will last until the last week of May in most parts of the country. Read the rest of this entry »

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ATCL plane crash lands in Mwanza, all on board safe

02/03/2010 by hindu.

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A total of 46 people escaped death yesterday when an Air Tanzania Company Limited (ATCL) jet they were travelling in crash landed at Mwanza airport yesterday morning, company officials have confirmed.

The ATCL’s Boeing 737-247(A) 5H-MVZ, swerved off the runway, skidded for about a kilometre after touching the runaway tarmac at the airport at around 7:45am, the airport’s deputy manager, Mr Ibantao Muchunguzi, said at the scene of the accident.

Fire fighters managed to evacuated from the plane all 39 passengers and seven crew members.

With the mishap, the airport was closed o big airplanes, except small aircrafts, because of one wing of the ATCL?s plane, partially blocks the runway. Read the rest of this entry »

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Tanzanias can buy Barrick shares-BoT

02/03/2010 by hindu.

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Tanzanians will be allowed to buy African Barrick Gold (ABG) shares in the mining giant’s Sh1.3 trillion initial public offer (IPO) in London, The Citizen can authoritatively report today.  

decision to allow direct participation in the flotation of ABG’s 25 per cent stake this month has already been made by the Bank of Tanzania (BoT) through a special waiver, according to documents seen by this newspaper.

The Citizen has also reliably learnt that Barrick plans to allocate a certain number of shares specifically for Tanzanian investors. The BoT waiver will end days of uncertainty that had gripped the country after revelation of the plans for the London IPO. Read the rest of this entry »

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